Daily edition

Thursday 9 October 2025

30 rounds and $2.7B raised. The biggest: Reflection AI, $2B.

vs Thu 2 Oct

The day in charts

AI took 91% of the capital on this day, up from 61% on Thu 2 Oct. Reflection AI alone raised $2B, 73% of it.

The 5 biggest rounds raised $2.5B, 92% of the total.

4 of 30 rounds made 90% of the capital.

Rounds of $100M or more, Thursday 9 October 2025
	Rounds	Capital
$100M or more	4	$2.5B
The rest	26	$266M

AI raised $2.5B, 91% of the capital. Choose a sector to filter the rounds below.

Capital by sector, Thursday 9 October 2025
Sector	Capital	Share	Rounds
AI	$2.5B	91%	19
Health	$165M	6%	1
Fintech	$28.3M	1%	2
Other	$17.5M	<1%	3
Enterprise software	$17.5M	<1%	3
Cybersecurity	$10M	<1%	1
Robotics & Hardware	$581K	<1%	1

United States raised $2.4B, 88% of the capital. Rounds in 14 countries, 1 with no country disclosed.

Mercia Ventures joined 2 rounds, leading 1, more than any other investor.

Seed was the most common stage: 10 rounds, median $4.8M. The median round size is under each column.

New York raised $2B, more than all of Europe ($222M). Rounds from 11 cities.

This day against the 13 days before it. The biggest day of the two weeks.

Capital raised per day, Thursday 9 October 2025
Day	Rounds	Capital	Biggest round
Fri 26 Sept	10	$55M	Curefoods, $18M
Sat 27 Sept	1	$1.4M	Plazza, $1.4M
Sun 28 Sept	0	$0K
Mon 29 Sept	20	$438M	Star Therapeutics, $125M
Tue 30 Sept	40	$2.6B	Cerebras Systems, $1.1B
Wed 1 Oct	26	$905M	Nscale, $433M
Thu 2 Oct	22	$443M	DualEntry, $90M
Fri 3 Oct	7	$172M	Supabase, $100M
Sat 4 Oct	0	$0K
Sun 5 Oct	1	$821K	Komu (ex-Contestio), $821K
Mon 6 Oct	22	$347M	NanoPhoria Bioscience, $97.5M
Tue 7 Oct	34	$2.6B	Polymarket, $2B
Wed 8 Oct	32	$2B	Base Power, $1B
Thu 9 Oct	30	$2.7B	Reflection AI, $2B